Check back often for news and commentary about Kentucky by David Adams.
Contact via email: kyprogress(at)yahoo.com or Lexington area telephone 537-5372.

Friday, July 29, 2016

Bevin stops ObamaCare insurer's bait-and-switch

At first glance, Kentucky ObamaCare insurer CareSource's approved rate increase looks odd. Better known as a Medicaid managed care coverage provider but also selling on the exchange, CareSource requested a large 20.55% rate increase request for individual ObamaCare customers but their rate is going up a staggering 29.3%.

Bevin spokesman Doug Hogan explained that an administration actuarial review showed CareSource's rate request "would be insufficient" to pay claims and "would ultimately lead to a harmful scenario for consumers."

Former Governor Steve Beshear could have saved customers, medical providers and taxpayers money and a lot of trouble if he had taken such care at any point before Kentucky Health Cooperative's managers took the money from their bloated salaries and bonuses and ran, leaving the rest of us holding the bag when their shell game failed.

"I guess there aren't any decent Obamacrat actuaries out there or maybe Gov. Beshear was more interested in seeing his friends at the cooperative load up on market share they couldn't maintain so they all got paid bonuses before the music stopped," Kentucky Progress publisher David Adams said. "Gov. Bevin deserves credit for stopping CareSource from playing the same game.